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JFE-JSW, ArcelorMittal, Vedanta to bid for Bhushan Steel next week

6h business-standard
Dev Chatterjee & Ishita Ayan Dutt  |  Mumbai  Last Updated at January 17, 2018 20:07 IST (11-0)

News Live: All 14 types of Rs 10 coin valid, legal tender, says RBI

11h moneycontrol
All the 14 designs of Rs 10 coin are valid and legal tender for transactions, the Reserve Bank said, amid reluctance by certain traders to accept the coins. "It has come to the notice of the Reserve Bank that in certain places there is reluctance on part of traders and members of public to accept Rs 10 coins due to suspicion about their genuineness," the RBI said while reiterating legal tender status of the coins of different designs. (15-0)

News Live: Tata Sons plans to raise $1.5bn via ECB, says report

13h moneycontrol
Tata Sons, the holding company of the Tata group, is looking to raise up to $1.5 billion in external commercial borrowing (ECB) in the next few weeks, sources told Mint. It plans to use the funds partly to subscribe to the forthcoming rights issue of Tata Steel and also repay a part of the outstanding debt of Tata Teleservices (TTSL), which is in the process of merging with Bharti Airtel, sources said. (15-0)

Tata Sons in talks to raise $1.5 billion via external commercial borrowings

19h livemint
Mumbai: Tata Sons Ltd, the holding company of the Tata group, is looking to raise up to $1.5 billion in external commercial borrowing (ECB) in the next few weeks, two people directly aware of its fund-raising plans said. (23-0)

Sebi to vet Tata Sons bid to go private, evaluate minority interest

2018-01-16 business-standard
The Securities and Exchange Board of India (Sebi) is looking at whether Tata Sons’ plan of becoming a private limited company from a public one would impact shareholders, especially minority shareholders of listed Tata entities that own shares in Tata Sons. If the company were to become a private one there would be restrictions on these listed firms to sell or transfer their stake to any entity. Tata Sons shareholders had voted in favour of going private and the resolution was cleared with a majority during the annual general meeting (AGM) on September 21 last year. (15-0)

SEBI ban of PwC leads to a new struggle for audit and auditors

2018-01-16 moneycontrol
The Sebi ban on Price Waterhouse or PwC (India), opens up a pandora’s box in terms of the practices, competition, and need for more players in auditing even as the troubled firm seeks a stay on the market regulator’s order. (8-0)

Essar Steel gets consent to establish Odisha iron ore block

2018-01-15 business-standard
Essar Steel has got the 'Consent to Establish' from the State Pollution Control Board (SPCB) here for its Ghoraburhani-Sagasahi iron ore block. It was the first iron ore mine to be auctioned in the country. Essar Steel won the block with about 100 million tonnes deposits, outbidding strong contenders like Tata Steel and Jindal Steel & Power Ltd (JSPL). (8-0)

Tata Sons mandates Adfactors to manage public relations of its major firms

2018-01-15 business-standard
Tata group has mandated PR agency Adfactors to manage public relations and communications for some of the conglomerate's major companies, including Tata Sons, Tata Trust and TCS. The mandate, which will take effect from February 1, is for some of the Tata group firms including Tata Consultancy Services, Tata Steel, Tata Chemicals, Indian Hotels, Tata Power, Tata Global Beverages and Titan, as well as Tata Sons and Tata Trusts, Adfactors said in a statement. (20-0)

Closing Bell: Sensex ends over 251 pts higher, Nifty just below 10,750; HDFC up 6%

2018-01-15 moneycontrol
3:30 pm Market at Close: The market ended the day on a good note, but off the day’s high points. The Nifty closed below 10,750-mark. (27-0)

Market Live: Sensex trims gains, Nifty around 10,750; midcaps give up gains

2018-01-15 moneycontrol
1:05 pm Market Check: Equities are now steadying after witnessing a strong rally through the morning. The Sensex is up over 290 points, while the Nifty is trading around 10,750-mark. About 1567 shares have advanced, 1179 shares declined, and 273 shares are unchanged. (24-0)

Market Live: Nifty trades strong, Sensex up over 300 pts; WPI at 3.58%

2018-01-15 moneycontrol
1:05 pm Market Check: Equities are now steadying after witnessing a strong rally through the morning. The Sensex is up over 290 points, while the Nifty is trading around 10,750-mark. About 1567 shares have advanced, 1179 shares declined, and 273 shares are unchanged. (24-0)

Market Live: Sensex gains 300 pts, Nifty comfortably above 10,750; HDFC surges 4%

2018-01-15 moneycontrol
11:55 am Buzzing Stock: Share price of ICICI Prudential Life Insurance Company rose nearly 3 percent intraday Monday as brokerage house Geojit initiated buy call with price target of Rs 450 (23-0)

News Live: Four senior-most Supreme Court judges attend court, take up work

2018-01-15 moneycontrol
Four senior-most Supreme Court judges, who had held an unprecedented press conference and raised issue of assignment of cases, today attended court and took up routine work. (65-0)

News Live: 50 cos bought back shares worth Rs 55,236cr in 2017, up 98.06% YoY

2018-01-15 moneycontrol
Share buybacks in 2017 nearly doubled from the previous year to a record Rs 55,236 crore, reports Mint. In a year that saw benchmark equity indices rise 27-28%, 50 companies bought back shares worth Rs 55,236 crore, compared with 37 firms having bought back shares worth Rs 27,887.44 crore in the previous year, according to data from Prime Database. (65-0)